iShares MSCI Spain Index Fund ( EWP)

For another week, Spain will be a major player to watch as investors and market commentators attempt to determine what's next in the ongoing European drama. Last week was a tumultuous one for the troubled EU member; in addition to learning that its unemployment rate is hovering around 25%, the country was slapped with a downgrade courtesy of Standard & Poor's.

>>Europe's Bank Storms Headed to U.S.

The trials facing Spain and the rest of this monetary bloc are far from resolved. It may be tempting for investors to try and game a potential turnaround, but I urge them to hold off. It is difficult to forecast the day-to-day fluctuations from products like EWP and the iShares MSCI Italy Index Fund ( EWI); overzealous investors risk taking some substantial hits here.

Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was long QQQ.

If you liked this article you might like

Check Out These 3 Gems in the Punishing Emerging-Market Landscape

Record-Breaking Traveler John Kerry's Final Mission: Back To Vietnam

A Good Morning for Vietnam?

Where to Invest in Emerging Markets in 2017 and Beyond

Asia's Frontier Markets Are Sizzling Again; Here's How to Get Exposure